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  • Posts Tagged ‘Swaps Mis-selling’

    A Royal Bad Bank: RBS Capital Resolution (RCR)

    Posted on July 21st, 2014 by Jenny Julian

    RBS’ bad bank (Royal Bank of Scotland Capital Resolution – RCR) has been set up to take over RBS’ bad loans (those with significant non-performing assets).  When transferring the bad assets of RBS to the bad bank, RBS will clear […]

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    Barclays’ attempt to strike-out swaps mis-selling claim (on limitation defence) dismissed by High Court

    Posted on May 23rd, 2014 by Sivakumaran Sivathillainathan

    The High Court (Queen’s Bench Division) has recently dismissed an attempt by Barclays Bank to strike-out an interest rate hedging product (IRHP) mis-selling claim for being issued more than six years after the IRHP was sold to the customer. The […]

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    Barclays’ appeal in ‘LIBOR test case’ dismissed by Court of Appeal

    Posted on November 8th, 2013 by Jenny Julian

    The Court of Appeal has today dismissed Barclays’ appeal in the case of Barclays Bank v Graiseley, which has been referred to as the ‘LIBOR test case’. The case of Deutsche Bank v Unitech was also decided in the favour […]

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    BBC Panorama exposes costly bank ‘swap’ scandal

    Posted on October 14th, 2013 by Jenny Julian

    LEXLAW have recently advised and given expert comment to BBC Panorama in order expose, on behalf of our SME clients, the banks who mis-sold. The programme will expose that customers were mis-sold complex loan insurance products and could be fined […]

    The Times: Lloyds swap case settlement revealed

    Posted on October 14th, 2013 by Jenny Julian

    Katherine Griffiths, of The Times newspaper, reports on our Financial Services Litigation team’s recent success in a swaps mis-selling litigation case where a speculative financial instrument, namely a multi-cancelable swap, was sold to an SME by Lloyds bank. The bank refused to compensate their […]

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    Court of Appeal Judgment: Green & Rowley v The Royal Bank of Scotland

    Posted on October 9th, 2013 by Jenny Julian

     Neutral Citation Number: [2013] EWCA Civ 1197 Case No: A3/2013/0138 IN THE COURT OF APPEAL (CIVIL DIVISION) ON APPEAL FROM THE HIGH COURT OF JUSTICE MANCHESTER DISTRICT REGISTRY His Honour Judge Waksman QC [2012] EWHC 3661 (QB) Royal Courts of […]

    Interest Rate Swaps Mis-selling: FCA Publishes IRHP Review Statistics

    Posted on September 4th, 2013 by Jenny Julian

    The FCA have today published an update on the banks’ reviews of the sale of interest rate hedging products (“IRHPs”). Despite attempts by the FCA to say that good progress is being made, the figures expose that the Review process […]

    Green & Rowley -v- The Royal Bank of Scotland: Appeal Dismissed

    Posted on July 29th, 2013 by Jenny Julian

    In a hearing that, after months of anticipation and an intervention by the FCA, proved in the end to something of a damp squib, the appeal in Green & Rowley was quickly determined by the Court of Appeal earlier today […]

    Green & Rowley v RBS considered by Court of Appeal

    Posted on July 29th, 2013 by Jenny Julian

    Swaps Mis-selling case, Green and Rowley v RBS, is today being heard in the Court of Appeal.  The appeal from the Queen’s Bench Division (Commercial) is being heard before Court of Appeal (Civil) Judges: Lord Justice RICHARDS, Lady Justice HALLETT and Lord […]

    ‘FCA Swaps Review’ Update: Comment on Bank IRHP Review Delays with Statistics from the FCA

    Posted on July 25th, 2013 by Jenny Julian

    We advise many businesses who have been mis-sold over the counter derivatives by banks such as RBS, Barclays, Lloyds, HSBC, Clydesdale and many others. We entirely understand the significant detrimental impact that this issue has had and continues to have […]